(American Interest) Walter Russell Mead - Egypt's death spiral is now scaring off even its closest friends. Last year, Qatar gave an Egypt in crisis $5 billion in aid money. But Qatar won't help Egypt anymore, according to the Financial Times. A $4.8 billion grant from the IMF could stanch the bleeding, but it requires Egypt to accept austerity measures that are deeply unpopular with most Egyptians.
2013-03-14 00:00:00Full ArticleBACK Visit the Daily Alert Archive